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Stock market price gain ngx asi
Business and Economy News

Nigerian stock market gains 0.18% on Monday

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  • The Nigerian stock market started the week with an uptick, as the NGX All Share Index (ASI) posted a gain of 0.18%  to close at 131,826.77 points. This pushed the year-to-date ASI return to 28.08% from 27.84% recorded in the previous session. Similarly, the market capitalisation appreciated by N152.81bn to close at N83.39trn.
  • The bullish momentum was supported by demand in BUACEMENT (+5.19%), HONYFLOUR (+7.12%), and FIDELITYBK (+3.12%). These gains outweighed profit-taking in GTCO (-0.58), ZENITHBANK (-1.39%), and UBA (-0.43 %).
  • Market activity lagged compared to previous session, with transaction volume declining  by 78.91% to 706.04bn while value dropped up by 65.44% to N21.56bn. ACCESSCORP (-1.30%) led the volume chart with 61.73m units trades while PRESCO (+5.14%) led the value chart in deals worth  N3.11bn.  
  • Market breadth closed negative at 0.69-to-1 ratio, as market losers outnumbered gainers. MEYER  (+10.0%) led the losers, while CUTIX (-10.00%) topped the list of gainers  

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